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9am Lowdown
AccountingWEB

9am Lowdown: Corporation tax, landlords & Di Maria

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23rd Jun 2017
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It’s Friday! Grab yourself a coffee and ease into the weekend with the 9am Lowdown. Valme and Richard are here this morning with your daily dose of news.

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In the news

Let’s see what’s hitting the headlines this morning:

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Theresa May is set to continue with cuts to corporation tax, in spite of signs that Labour’s promise to raise business taxes to invest in public services was an election vote-winner. (Financial Times)

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The Council of Mortgage Lenders (CML) says landlords should be spared from any new tax and regulation changes after a "weak start" to 2017 for the UK buy-to-let sector. (BBC)

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Colleges will be exempt from VAT on important training supplies following a landmark European Court of Justice ruling – with refund claims expected to amount to £10m. (FE Week)

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Former Manchester United star Angel Di María has been sentenced to one year in prison and fined £1.76m (€2m) after pleading guilty to two counts of tax fraud in Spain. (The Guardian)

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On AccountingWEB

With employment rights becoming a high priority for many company leaders, Christian Annesley investigates whether finance directors and others need to work harder to stay ahead of the shifting dynamics in this space?

Over on the blog pages, the Imprudent Accountant sinks his teeth into job he’d avoid like the plague: a managing partner at any practice with more than half a dozen partners.

On Any Answers, AccountingWEB member brash purchased a 25% share in a competitive four year old race horse. But the horse was put down after a career ending injury. The member wants to know if this loss is tax deductible and if so against what taxable income?

And on our Industry update page, webexpenses explains why finance professionals shouldn’t fear automation.

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